🔍 On-chain analyst Ali pointed out on platform X that ETH has formed a solid demand zone around $3,000, with 2.82 million addresses holding over 6.14 million ETH, at an average purchase price of $3,040. This key support level may lay the groundwork for ETH to rebound to higher levels. 💪

Do you think ETH can break through this support level and usher in a new round of increases? Feel free to share your thoughts in the comments! 📈